Long-form
NAIC Buyer’s Guide to Annuities Explained (Plain-English Walkthrough)SummaryIn this 15:41 Annuities Explained video, Jeffrey Scott McLeod, LUTC, covers “NAIC Buyer’s Guide to Annuities Explained (Plain-English Walkthrough).” Today I'm going to walk through the National Association of Insurance Commissioners buyers guide page by page and explain exactly what it means in plain English. Those are covered on page On page seven of the buyer guide are 21 questions you should ask when shopping for a fixed annuity. Ever since then and in all literature and all material and buyer guides since then, they've dropped the word equity and they're just called fixed index annuities. And indexed annuity is a fixed annuity either immediate meaning income. When you buy an indexed annuity, you own an insurance contract. An indexed annuity is different from other fixed annuities. Indexed annuities credit interest using a formula based on changes in the index to which the annuity is linked Insurance education only—not securities advice. Key takeaways
Chapters
From the NAIC Buyer’s GuideFixed indexed annuities are a type of fixed annuity that earn interest based on changes in a market index; the interest rate is guaranteed never to be less than zero, even if the market goes down. When you buy an indexed annuity, you are not investing directly in the market or the index. Deferred annuities differ by how you pay premiums—such as single premium, flexible premium, or other patterns described in the contract—and by fees and charges. The 2022 NAIC Buyer’s Guide for Deferred Annuities explains that an annuity is a contract with an insurance company. With an annuity, the insurer promises to pay income on a regular basis for a period you choose—including the rest of your life. Source: NAIC Buyer’s Guide for Deferred Annuities (2022). The guide does not endorse any company or policy. For your state insurance department, see www.naic.org. Questions about fixed index annuities? Call or text 501-658-9882 · Book a time on the calendar Insurance-only disclaimer Jeffrey Scott McLeod, LUTC, is a licensed insurance producer. Content on this page is educational and discusses insurance products only—not securities, brokerage, or investment advisory services. Texas license 901162. Arkansas / National Producer Number 558629. Product availability, rates, and features vary by state and insurer. Read the NAIC Buyer’s Guide and the insurance contract before you buy. More videos |
Jeffrey Scott McLeod, LUTC — Licensed insurance producer. Texas license 901162. Arkansas / National Producer Number 558629. Insurance products only; not securities or investment advisory services.
|